Within the last year, the group broke its ties with the Charleston Area Alliance and obtained nonprofit status -- 501(c)(3) designation -- through the Internal Revenue Service. Now it's seeking the 501(c)(6) designation shared by chambers of commerce and business leagues.
"The board has authorized me to research and apply for designation under 501(c)(6) of the IRS code," Cavender said.
"You have to be careful as a 501(c)(3) when you're involved in economic development. If you want to take it to the next level -- buy a piece of property, or build our base of business members and identify them as business members -- 501(c)(6) allows you the form a business organization and have businesses as members.
"We want to follow the proper protocol. That's why we've held off recruiting our business recruitment. We're already recruiting individual members."
West Side Main Street recently took the same step, Cavender said. "Their main purpose was to buy the Staats building. That's what we want to put on our agenda."
In addition to naming a possible replacement for Milovich, the nominating committee will be asked to replace another board member who resigned and to name a 501(c)(6) advisory board, he said.
The committee should complete its work and have its slate approved by the executive committee in time for a vote by the full board on Jan. 23, he said.
"My plan is to send an email out to the nominating committee in the next day," Cavender said Sunday.
Reach Jim Balow at ba...@wvgazette.com or 304-348-5102.